Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month. The world’s largest cryptocurrency fell 2.2% to $119,112.5 as of 02:04 ET (06:04 GMT), after touching an all-time high of $124,436.8 in the previous …
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Asian equity markets showed a mixed performance on Friday, with Japan’s stocks rallying on stronger-than-expected economic growth, while Hong Kong fell amid weak Chinese industrial and retail data. Trading volumes were thin in South Korea and India due to public holidays. Japan’s Economic Growth Supports NikkeiTokyo’s Nikkei 225 surged 1%, …
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Wall Street experienced a muted close on Thursday, August 14, 2025, as stronger-than-expected Producer Price Index (PPI) data for July signaled persistent inflationary pressures, largely attributed to tariff pass-through effects. The major indices erased early gains and ended the day with modest declines or flat performance, halting a recent rally …
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The US Dollar (USD) gained momentum on Thursday, buoyed by stronger-than-anticipated US producer price data and a solid weekly labor market report. While trade tensions have eased slightly, investors remain cautious ahead of a high-profile US-Russia summit scheduled for Friday.Key Events to Watch on Friday, August 15The US Dollar Index …
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The USD/JPY currency pair rebounded sharply from a three-week low on Thursday, gaining over 150 pips after strong US economic data bolstered the US Dollar. The pair, which earlier dipped to around 146.22, surged to approximately 147.90 by the close of the American session, marking a 0.35% increase. This rally …
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President Donald Trump’s repeated demands for a September interest rate cut have hit a significant roadblock following the release of new data showing a sharp rise in July’s producer prices. The latest Producer Price Index (PPI) report, which measures the average change over time in the selling prices received by …
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In July, US wholesale prices soared by 3.3% compared to the previous year, marking the largest increase since February and signaling that tariffs are increasingly impacting the American economy. The Producer Price Index (PPI), which tracks the prices domestic producers charge for goods and services, surged past June’s 2.4% annual …
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Britain’s economy grew 0.3% between April and June 2025, slower than the 0.7% expansion in Q1 but above the 0.1% forecast by the Bank of England and economists, despite the impact of U.S. trade tariffs and a weaker labor market. GDP Performance: April: -0.1% (smaller decline than initially reported) May: …
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Bitcoin surged to a record on Thursday, fueled by growing expectations of a September Federal Reserve interest rate cut and increased corporate buying. The world’s largest cryptocurrency briefly touched $124,436.8 before easing slightly to $123,164.1, up 3.2% by 00:47 ET (04:47 GMT). Corporate Interest and Rate Cut Optimism Drive BitcoinBitcoin’s …
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Oil prices rose modestly on Thursday as investors weigh geopolitical risks ahead of the U.S.-Russia summit on Ukraine, scheduled for Friday, while a softer market outlook limited gains. Brent crude futures increased 24 cents, or 0.37%, to $65.87 a barrel at 0356 GMT, while U.S. West Texas Intermediate (WTI) futures …
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